ARC OF FAYETTE/LAMAR/MARENGO CO (AL) - 2020 PPP Loan Borrower Profile (# 6822937303)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARC OF FAYETTE/LAMAR/MARENGO CO. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Alabama.

Loan Detail

Loan Number

6822937303

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$729,040

Date Loan was Approved

Apr 30, 2020

Amount Forgiven

$737,229.22

Date Loan was Forgiven

Jun 22, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

729,040

Lender

Regions Bank

Business Detail

Business Type

Non-Profit Organization

NAICS

621399

Borrower Location

Fayette, AL

Project Location

Fayette, AL

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

213

Business Age Description

Existing or more than 2 years old

Data Source: SBA.